LOCK.L vs. SHLD.L
LOCK.L (iShares Digital Security UCITS ETF USD Acc) and SHLD.L (iShares Digital Security UCITS ETF USD (Dist)) are both Technology Equities funds from iShares - LOCK.L tracks the MSCI World/Information Tech NR USD while SHLD.L tracks the STOXX Global Digital Security Open Net Index in USD. Both are passively managed. Over the past 5 years, LOCK.L returned 9.04%/yr vs 9.10%/yr for SHLD.L. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.40% expense ratio.
Performance
LOCK.L vs. SHLD.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LOCK.L having a 16.35% return and SHLD.L slightly higher at 16.56%.
LOCK.L
- 1D
- -0.84%
- 1M
- 3.32%
- 6M
- 16.58%
- YTD
- 16.35%
- 1Y
- 21.75%
- 3Y*
- 19.05%
- 5Y*
- 9.04%
- 10Y*
- —
SHLD.L
- 1D
- -0.54%
- 1M
- 3.39%
- 6M
- 16.67%
- YTD
- 16.56%
- 1Y
- 21.82%
- 3Y*
- 19.12%
- 5Y*
- 9.10%
- 10Y*
- —
LOCK.L vs. SHLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LOCK.L iShares Digital Security UCITS ETF USD Acc | 16.35% | 11.29% | 16.92% | 33.93% | -29.10% | 16.48% | 26.98% | 28.45% | -0.91% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 16.56% | 11.51% | 16.55% | 33.91% | -29.11% | 16.50% | 27.22% | 28.27% | -1.78% |
Correlation
The correlation between LOCK.L and SHLD.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2018 | 0.99 |
The correlation between LOCK.L and SHLD.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
LOCK.L vs. SHLD.L — Risk / Return Rank
LOCK.L
SHLD.L
LOCK.L vs. SHLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD Acc (LOCK.L) and iShares Digital Security UCITS ETF USD (Dist) (SHLD.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LOCK.L | SHLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.91 | -0.05 |
| Martin ratioReturn relative to average drawdown | 3.97 | 4.12 | -0.15 |
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Drawdowns
LOCK.L vs. SHLD.L - Drawdown Comparison
The maximum LOCK.L drawdown since its inception was -36.04%, roughly equal to the maximum SHLD.L drawdown of -36.07%. Use the drawdown chart below to compare losses from any high point for LOCK.L and SHLD.L.
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Drawdown Indicators
| LOCK.L | SHLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.04% | -36.07% | +0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -11.40% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -22.28% | -22.72% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -36.04% | -36.07% | +0.03% |
Current DrawdownCurrent decline from peak | -5.44% | -5.36% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -9.27% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.46% | 5.28% | +0.18% |
Volatility
LOCK.L vs. SHLD.L - Volatility Comparison
iShares Digital Security UCITS ETF USD Acc (LOCK.L) and iShares Digital Security UCITS ETF USD (Dist) (SHLD.L) have volatilities of 6.80% and 6.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LOCK.L | SHLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 6.81% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 18.44% | 18.09% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 21.64% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.41% | 21.39% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.19% | 21.22% | -0.03% |
LOCK.L vs. SHLD.L - Expense Ratio Comparison
Both LOCK.L and SHLD.L have an expense ratio of 0.40%.
Dividends
LOCK.L vs. SHLD.L - Dividend Comparison
LOCK.L has not paid dividends to shareholders, while SHLD.L's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
LOCK.L iShares Digital Security UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 0.35% | 0.39% | 0.48% | 0.43% | 0.63% | 0.66% | 0.84% | 1.00% |
Frequently Asked Questions
With a correlation of 0.97, LOCK.L and SHLD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LOCK.L and SHLD.L have the same expense ratio: 0.40% per year.
LOCK.L tracks MSCI World/Information Tech NR USD, while SHLD.L tracks STOXX Global Digital Security Open Net Index in USD.
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